Categories for Uncategorized

Hope for The Best; Plan for The Unknown

May 9, 2019 12:49 pm Published by

Lately, I have receiving a number of calls expressing concerns about a possible future recession. To be clear, I’m not attempting to predict a recession.  But with the “recession” word being used often on newscasts, I’m finding myself offering advice to those concerned.    My general advice is not too different from the advice I give to anyone who is concerned with their future financial stability. The truth is that the future is never certain. Unforeseen layoffs, health issues and, yes, recessions, are all but a few possibilities. The good news is that most people who prepare for the future...

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The Advantages of Critical Illness Coverage

February 28, 2019 1:06 pm Published by

Some Facts and Stats Everyone aspires to live a long and healthy life, and most of us do what we can to ensure that this is the case; nevertheless, contracting a critical illness, such as cancer, heart attack and stroke can still occur. Unfortunately, the statistics don’t lie: Cancer Learn More Source: The Canadian Cancer Society • 1 in 3 Canadians will develop cancer in their lifetime • 1 in 9 women will develop breast cancer • 1 in 3 women and 1 in 2.5 men will develop cancer in their lifetime Heart Attack Learn More Source: The Heart and...

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Life Insurance for Charitable Giving

January 27, 2019 1:24 pm Published by

We have had many clients who are interested in leaving a large gift to their favorite charity. Traditionally, their preference has been to plan a larger legacy gift through their Estate by way of their Will.  However, many professional advisors in this space have found that chartable gifts by Will are fraught with complications due to recent tax changes and family law applications.   Alternatively, more and more are reviewing and recommending the use of permanent life insurance to fund a client’s charitable gifting strategy.  Using life insurance for charitable gifting can result in both a more efficient gift to the...

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A Seat at the Table: An Inclusive Approach to Corporate Insurance

May 22, 2018 1:38 pm Published by

Stronger Together When you purchased your first home, you probably didn’t do it alone. Most likely you consulted your parents, spouse, realtor, mortgage broker, barista, hairstylist…you get the point. In short, you brought in a team to help you make a large and important financial decision. When it comes to buying corporate insurance, I feel that it’s best to take the same approach, which is why, as an insurance advisor, I like to work with my client’s accountants and lawyers.   The Importance of the Team The importance of bringing the team to the table was impressed upon me years...

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The Life-Changing Benefits of Registered Disability Savings Plans (RDSP’s)

September 22, 2017 4:30 pm Published by

Life can change in an instant. I was introduced to a great friend of mine around ten years ago for the first time in a trendy pub with high tables and a crowded, funnel-style bar serving fancy drinks. It was a great time with friends, laughter, and a bubbling crowd enjoying the night. As soon as I met Sara I immediately shuddered because of how uncomfortable I’d be in her situation: plowing through the crowd hip-high in a motorized, high-powered (and expensive-looking) wheelchair. But it didn’t seem to slow her down or dull her mood. And why should it? Sara...

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The Dangers of Travelling Without Travel Insurance

July 24, 2017 4:38 pm Published by

“One of our friends crossed the border to come for a visit. I used to hop over the border when I was a kid all the time, it was no big deal to me, but I didn’t know any better. Our friend went down to Seattle to visit some friends for Christmas and she fell down a set of stairs and hit her head on a table at the bottom of the stairs and in a heartbeat she went from being a high functioning, contributing member of society and the next she’s in the ICU suffering from a traumatic brain...

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What is a TFSA & How Can it Help Me?

June 23, 2017 4:39 pm Published by

What would you do with all your hard-earned money if you never had to fork any of it over to the tax man? Go on a trip? Buy a car? Perhaps something more practical, such as re-investing in a fund for your children’s post secondary education? The possibilities are endless, but from our perspective it’s still important for people to understand why they’re taxed in the first place. Sure, we all want to hold on to as much of our earnings as possible, but we also live in an area of the world with developed infrastructure, public schools, roads, garbage...

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3 Not-So-Obvious Reasons to Buy Disability Insurance

May 28, 2017 4:40 pm Published by

What do you do for a living? Working in the financial industry and specifically the insurance and investment sectors over the years has given me the opportunity to work with people from all walks of life. Blue collars. White collars. Business owners. Families who pass down companies throughout the generations. And I love it all! There are so many great careers out there; so many unique jobs people have these days. So you can imagine how much it stings when I hear about families who lose huge amounts of money because they don’t have disability insurance. Make no mistake –...

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Why You Definitely, Absolutely, Without Question, Need an Up-To-Date Will

April 18, 2017 4:42 pm Published by

The topic of wills comes up here at the office quite often, and no matter how many times it makes perfect sense in my head to explain why people need a will, I’m still surprised to meet parents and grandparents who don’t have it. Sure, I understand – it’s a topic you’d much rather not have to think about, right? Needing a will means you’re admitting to the inevitable. Well, as a finance manager, you don’t need me to tell you about that other major certainty in life – you know, the one that’s not taxes – do you? No,...

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Want To Make a Savvy Decision With Your Tax Refund? Here’s Four Ideas

March 21, 2017 4:44 pm Published by

Tis the season! The days are getting longer (particularly since we sprung our clocks forward last weekend and had an hour of our lives robbed due to daylight saving time) and the tax returns are starting to roll in. You doknow it’s tax season, right? Ok good. Just checking. If you’re eagerly anticipating a healthy tax return this year, then you probably have all sorts of ideas when it comes time to spend it. Vacation? A sports car to fuel the midlife crisis? Hey, you’ve earned some fun with all the hard work you’ve done this year. And a shiny...

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